PUBLISHER: The Business Research Company | PRODUCT CODE: 1712382
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712382
Consumer electronics e-commerce pertains to the online sales of electronic products, which encompass items like televisions, navigation devices, digital cameras and their accessories, digital camcorders and related accessories, e-Readers, and more. This sector involves businesses, companies, and individuals who utilize the internet as their primary channel for selling these electronic goods.
The primary categories of consumer electronics can be classified into video products, audio products, and other miscellaneous products. Video products denote electronic devices that are self-contained within a single housing, possess an integrated power supply, are connected to a mains power source, and are primarily designed for the creation, recording, or both, of audio and video signals to or from both digital and analog media. Various business models exist, including business-to-business (B2B) and business-to-consumer (B2C), each catering to different customer needs. Furthermore, the pricing models encompass low-cost products, mid-range products, and high-end products, offering consumers a range of options to suit their budgets and preferences.
The consumer electronics e-commerce market research report is one of a series of new reports from The Business Research Company that provides consumer electronics e-commerce market statistics, including consumer electronics e-commerce industry global market size, regional shares, competitors with a consumer electronics e-commerce market share, detailed consumer electronics e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the consumer electronics e-commerce industry. This consumer electronics e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The consumer electronics e-commerce market size has grown rapidly in recent years. It will grow from $688.3 billion in 2024 to $805.67 billion in 2025 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to online shopping convenience, product variety, competitive pricing, mobile shopping.
The consumer electronics e-commerce market size is expected to see rapid growth in the next few years. It will grow to $1605.19 billion in 2029 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to technological advancements, ai and personalization, e-commerce marketplaces, mobile payments. Major trends in the forecast period include virtual try-on, ai-powered recommendations, omnichannel retail, sustainability and eco-friendly products.
The consumer electronics e-commerce market is experiencing significant growth due to the shift from offline to online shopping. With more than 4 billion people, or nearly 53% of the global population, connected to the internet and the vast majority (92.6%) using mobile devices to access the web, consumers now enjoy the convenience of hassle-free online shopping. Internet accessibility, mobile technology, and digital innovations have transformed the shopping experience, resulting in a surge in online shoppers who trust e-commerce platforms for purchasing high-value products, including electronics. This trend indicates that the consumer electronics e-commerce market is poised for continuous growth with the increasing integration of online shopping in consumers' lives.
The rising demand for smartphones is expected to be a significant driver of the consumer electronics e-commerce market. Smartphones, with their advanced features, have become a ubiquitous and essential device for people. They make online shopping more accessible and convenient, attracting a broader audience to e-commerce platforms. In 2022, there were 71.8 million active mobile connections, signifying a 3.8% increase from the previous year, as reported by Uswitch Limited. It is projected that by 2025, 95% of the 68.3 million people in the UK will own smartphones. This surge in smartphone adoption is a key factor fueling the growth of the consumer electronics e-commerce market.
The integration of augmented reality (AR) technology has the potential to enhance the online shopping experience by reducing uncertainty about products. AR solutions enable customers to visualize products in their real environment, making it easier for them to decide on purchases. The 3D visualizations offered by AR allow customers to see how products will fit into their space, reducing the likelihood of returns and exchanges. This technology helps online retailers minimize returns by providing customers with a 'try-before-you-buy' digital experience. Augment, for example, is an AR tool that enables customers to view products in real-time, rotate them, and visualize them in their surroundings. This innovation offers a more personalized and engaging online shopping experience, reducing the cost and inconvenience of returns.
Major companies in the consumer electronics e-commerce market are developing new products, including e-commerce and ad tech platforms, to expand their customer base, boost sales, and increase revenue. E-commerce involves the online buying and selling of goods and services, while ad tech, or advertising technology, encompasses various digital tools and technologies for optimizing online advertising campaigns. For instance, in April 2023, Dispatch, a US-based software company, launched an innovative e-commerce and ad tech platform that helps international businesses engage, onboard, and successfully sell their products to customers on-chain. This platform offers web3 features, connecting order management with customer relationship management programs to enable brands to sell both physical and digital goods through portable marketplaces. Dispatch's web3 solutions improve consumer-brand interactions by fostering personalized connections and delivering relevant offers based on purchase decisions.
In March 2023, D2C Ecommerce, an India-based provider of e-commerce services, acquired HiLife for an undisclosed amount. The acquisition aims to enhance D2C Ecommerce's electronics offerings by tapping into the growing demand for lifestyle electronics, such as smart wearables and LED TVs. By leveraging HiLife's established brand, D2C Ecommerce seeks to expand its presence across both online and offline channels in India. HiLife, an India-based lifestyle electronics brand, focuses on enhancing users' entertainment experiences with its diverse range of products. This acquisition is expected to strengthen D2C Ecommerce's position in the competitive electronics market.
Major companies operating in the consumer electronics e-commerce market include Alibaba Group Holding Limited, Amazon.com Inc., JD.com Inc., eBay Inc., Shopify Inc., Rakuten Inc., Walmart Inc., Newegg Inc., Target Corporation, Flipkart Internet Private Limited, Best Buy Co. Inc., Apple Inc., B&H Foto & Electronics Corp., Crutchfield Corporation, GameStop Corp., P.C. Richard & Son Inc., Adorama Inc., Abt Electronics Inc., Overstock.com Inc., CDW Corporation, BuyDig.com LLC, HSN Inc., QVC Inc., Monoprice Inc.
North America was the largest region in the consumer electronics e-commerce market in 2024. Asia-Pacific was the second largest region in the consumer electronics e-commerce market. The regions covered in the consumer electronics e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the consumer electronics e-commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The consumer electronics e-commerce market includes revenues earned by entities by computers, laptops, smartphones, TV sets, tablets, game consoles, speakers and headphones, wearables, digital cameras, and VR (Virtual Reality) & AR (Augmented Reality) devices. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Consumer Electronics E-Commerce Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on consumer electronics e-commerce market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for consumer electronics e-commerce ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The consumer electronics e-commerce market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.